Global Markets - Latest Developments


Washington, D.C. April 13, 2020

NAB Show’s new digital experience, NAB Show Express, will take place May 13 - 14, 2020. The dynamic platform is free and designed to engage the NAB Show community by offering 24-hour access to premium content curated and customizable for the global media and entertainment community. NAB Show Express offers three unique educational channels, on-demand content and an exclusive Solutions Marketplace featuring exhibitor product information, announcements and demos. 

Westminister, Colo., April 8, 2020

Maxar Technologies today announced it has closed the sale of MDA, previously a wholly owned subsidiary of the company, to a consortium of investors led by Northern Private Capital for CAD$1 billion. Net proceeds, including customary adjustments, and after application of currency hedges related to the transaction is expected to be approximately US$729 million.

Los Angeles, Calif., April 3, 2020 by Virgil Labrador

The global COVID-19 pandemic that is making shockwaves through every industry in the world will have a significant impact on the satellite industry. Even the most optimistic projections indicate that the restrictions on movement, travel and public events will continue to be in place for at least the next two months in most of the world.  With more than half of the world and nearly 90 percent of the US and Europe in lockdown, the very strength and resilience of the industry will  be put to the ultimate test.

New York City, NY, April 2, 2020 by Robert Bell

LEO-MEO-wta-report.jpgMost of the attention surrounding the early success of the SES Networks’ MEO constellation and the pending arrival of LEO constellations has focused skyward.  It is all about the satellites and their orbits, interference with GEO and the economic potential and risks of delivering global coverage to a planet that is 70% covered by water.

New York City, NY, April 1, 2020

 better-satellite-world-logo.pngIn life, it’s the connections that count. It’s the phone call and the text message.  The emails for work. The online shopping and the credit card in the store.  The visit to the ATM, the airplane trip, the medical emergency. Without those connections, life grinds to a halt. 

London, UK, April 1, 2020 by Martin Jarrold

The global spread of coronavirus, and the impact of the COVID-19 disease it causes, is changing our world.  GVF is acutely sensitive to this impact.  As the global association of the satellite industry, we are responding to the effects the virus is having on our Members’ operations by exploring ways to increase the digital exposure of our Members’ news, products and services, while also creating digital learning opportunities that add to our already existing suite of online training courses and certifications.

Melville, N.Y., April 1, 2020

Comtech Telecommunications Corp. (NASDAQ: CMTL) provided a business update on the impact of the coronavirus, including the withdrawal of its business outlook for its fiscal year ending July 31, 2020, and a status update on the Gilat Satellite Networks Ltd. acquisition.

Coronavirus Update and Withdrawal of Business Outlook for Fiscal 2020

Al Khobar, Kingdom of Saudi Arabia, April 1, 2020

AXESS Networks (AXESS)  signed a joint venture agreement with the Saudi Arabian communications provider Middle East Telecommunications Co. (METelecom). The intention is to provide end-to-end managed satellite communications solutions that are designed to enhance performances of customers operating in Saudi Arabia.

New York, NY, March 27, 2020

Low Earth Orbit (LEO) constellation operator OneWeb announced today that the company and certain of its controlled affiliates have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.

The company intends to use these proceedings to pursue a sale of its business in order to maximize the value of the company.